Arabtec subsidiary wins AED 196 mln deal from Saudi Aramco

21/07/2020 Argaam

 

Arabtec Holding’s wholly-owned subsidiary, Target Engineering Construction Co., secured a contract from Saudi Aramco for the replacement of five storage tanks at Ras Tanura Refinery in Eastern Province.

 

The UAE-based contractor said in a statement to the Dubai Financial Market (DFM) that the value of the contract is approximately AED 196 million (SAR 200 million).

 

Target’s scope of work includes the replacement of three naphtha storage tanks and two slop oil storage tanks.

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